Business Loan Lakewood, California

Raising money in Lakewood, California? If so, you'll want to talk to some of these small business lenders in Lakewood.

We wrote this article for entrepreneurs in Lakewood, California who are interested in getting a small business loan.

Local Lakewood Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Lakewood.

Small Business Bank	Recent SBA Loans
Bank of America

Lenders for Lakewood Businesses

This is a list of banks outside of Lakewood, California that have provided SBA loans to Lakewood businesses. Some of these may be national banks with local branch locations.

Small Business Bank	Recent SBA Loans
Banco Popular North America New York City, NY	1
Bank Of America Charlotte, NC	24
California Bank & Trust Sacramento, CA	1
Capital One Mclean, VA	7
Center Bank Los Angeles, CA	2
Cit Small Business Lending Corp Livingston, NJ	2
Citibank San Francisco, CA	1
Comerica Bank Dallas, TX	2
Commonwealth Business Bank Los Angeles, CA	1
Community W. Bank Goleta, CA	2
Far East National Bank Los Angeles, CA	1
First Bank Creve Coeur, MO	1
Gateway Business Bank Cerritos, CA	1
Hanmi Bank Los Angeles, CA	5
Innovative Bank Oakland, CA	13
Internatl City Bank Long Beach, CA	3
Merrill Lynch Bank Usa Salt Lake City, UT	1
Nara Bank Los Angeles, CA	3
National Bank Of California Los Angeles, CA	2
Pacific Western Bank Escondido, CA	1
Saehan Bank Los Angeles, CA	1
Shinhan Bank America New York City, NY	1
Southland Credit Union Downey, CA	1
Temecula Valley Bank Temecula, CA	3
U.S. Bank National Association Cincinnati, OH	3
United Commercial Bank San Francisco, CA	1
Uniti Bank Buena Park, CA	1
Washington Mutual Bank Henderson, NV	6
Wells Fargo Bank San Jose, CA	6
Wells Fargo Bank Sioux Falls, SD	3
Wilshire State Bank Los Angeles, CA	1

Tips for Getting a Business Loan in Lakewood

Prior to reaching out to banks to get a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as the equity in your home. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is passionate about providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is Business Incubators.

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